Grant of 9,45,200 stock options under "Master Trust Limited Employee Stock Option Plan 2025 (the "ESOP 2025") to the eligible employees.
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Master Trust Limited has announced the grant of 9,45,200 stock options to its eligible employees under the Master Trust Limited Employee Stock Option Plan 2025 (ESOP 2025). Each option converts into one equity share with face value of INR 1. The exercise price will be at a discount of up to 20% from the prevailing market price. The vesting schedule is structured over 4 years with 25% of options vesting annually, subject to continued employment and performance conditions. The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The maximum exercise period is 4 years from vesting date, and shares issued upon exercise will not have any lock-in period.
The ESOP grant aligns employee interests with shareholders and could help retain talent, but may result in potential dilution of up to 9,45,200 equity shares (approximately 0.95 million shares) when exercised. This is a standard equity compensation event.